FINEXO is an online trading broker that is based in Cyprus, offering a vast array of tradable assets, such as stocks, forex, cryptocurrencies, indices, commodities, bonds, and ETFs, for trading online using multiple trading platforms. The broker also offers multiple account options with a required minimum deposit of $100.
FINEXO Review, Pros & Cons
- Sophisticated trading platforms
- Economic calendar & other trading tools
- Over 2,100 trading instruments
- No USA clients
- Limited educational resources
- Not the tightest spreads
- No FIX API trading
- No MetaTrader 5 platforms
In this detailed FINEXO review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With its head office in Cyprus, FINEXO is an online financial services provider that provides its clients with multiple trading platforms for online trading of a vast array of trading instruments. The broker gives traders access to a range of useful trading tools and a customer support team. The broker had initially set the short term goal of creating a simple and easy to use trading environment for all levels of traders but has exceeded these expectations and since grown into a multinational and multilingual brand in online trading.
FINEXO.com is a trading name operated by Trade Capital Markets (TCM) Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission with license number 227/14.
The broker states that it does not establish accounts for residents of certain jurisdictions including Japan, Canada, and the USA.
Some FINEXO features and products mentioned within this FINEXO review may not be available to traders from certain countries because of legal restrictions.
MT4 Trading Platform
The broker provides traders with the MetaTrader 4 trading platform, which is considered to be one of the best trading platforms for many traders. The platform offers a convenient method of trading multiple assets, offering users the ability to develop their own strategies or utilize the system’s readymade ones. The platforms have a range of useful features and capabilities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and many more. It is available on the desktop, web, and mobile versions.
This is a web-based platform that has powerful integrated tools available to FINEXO clients. It has multi-chart display windows with independent chart functions. With the WebTrader, traders have both quick and comprehensive overviews to trending assets. The platform can run directly on most modern web browsers, including Google Chrome, Safari, Firefox, and Edge, thereby eliminating the need to download or install any additional software.
FINEXO Trading Tools
The broker provides clients with some useful trading tools, such as the Economic Calendar, which shows scheduled economic events and their expected impacts on the financial markets.
The broker’s website has a limited selection of educational resources. However, there is an FAQ section that gives instant answers to the most common questions that traders have.
FINEXO offers more than 2100 trading instruments across different asset classes, including stocks, forex, cryptocurrencies, indices, commodities, bonds, and ETFs.
FINEXO Accounts & Fees
The following account types are available to FINEXO clients: Micro, Silver, Gold, Platinum, and Exclusive Accounts. They have low variable spreads starting from 0.02 pips, and minimum deposit requirements ranging from $100 on the Micro Account to $100,000 on the Exclusive Account. Demo accounts are also provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this FINEXO review. It is imperative to ensure that you check and understand all of the latest information before you open a FINEXO broker account for online trading.
FINEXO offers a knowledgeable customer support team that is available to give instant responses to traders’ inquiries through telephone, email, and Live Chat. The broker’s website is also available in 9 different languages.
FINEXO Deposit & Withdrawal
The broker allows traders to deposit and withdraw funds to and from their trading account through a wide variety of payment methods, such as Credit/Debit Cards (Visa, Maestro, and Mastercard); Fast bank transfers, and E-Payments (Neteller and Skrill).
FINEXO Account Opening
Traders who wish to create a trading account with the broker can do so by clicking on the ‘Sign Up Now’ tab on the broker’s website and filling out the form therein. They will be required to fund their trading accounts before they can begin trading.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Overall, FINEXO is a regulated trading broker that operates from Cyprus, and it offers access to the online trading of over 2,100 tradable assets through two trading platforms while offering a range of useful trading tools and educational resources. There are multiple account options to suit the individual trading needs of clients.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.